Good evening folks and the Lord’s blessings to you.

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EURUSD.

EURUSD 1hr.

EURUSD 4hr.

EURUSD daily.

We have a possible completed pattern in wave ‘b’ of (iv) today in EURUSD.
the low of wave ‘c’ reached a double bottom with wave ‘a’ and the price bounced off that low.
Wave ‘b’ has retraced 50% of the wave ‘a’ rally now,
and it seems like a good area to begin a rally into wave ‘c’ of (iv) from here.

Tomorrow;
Watch for wave ‘b’ to hold at todays lows of 1.0460.
The rally in wave ‘c’ has a minimum target at 1.0597.

GBPUSD

GBPUSD 1hr.

GBPUSD 4hr.

GBPUSD daily.

I am not convinced by the short term count for cable to be honest.
there is further downside today which may indicate a top is in for wave (iv),
but I don’t like the internal pattern of the decline.
It is still possible that a more complex wave (iv) is in play here,
but for the moment,
I am looking for more downside to confirm wave (v) is underway first.

Tomorrow;
WAtch for wave ‘i’ of (v) to fall back below 1.2600 to signal that the top is in for wave (iv).
From that point we should see a corrective lower high build in wave ‘ii’.

USDJPY.

USDJPY 1hr.

USDJPY 4hr.

USDJPY daily.

The action in USDJPY is still corrective and sideways today which suggests wave (iv) is now complete here either.
One more pop to break 152.83 again will signal wave ‘c’ is done,
and then I will look for wave (i) down to begin from there.

Tomorrow;
Watch for wave ‘c’ to complete this three wave pattern in wave (iv) as shown.
A break of 150.00 again will signal wave (iv) is in play.

DOW JONES.

DOW 1hr.

DOW 4hr

DOW daily.

The DOW took another small step lower today which gives me hope again.
However faint!

The closer we get to the wave ‘b’ lows at 42880 again, the better I will rate the chances for the top of wave (B).
At the moment this decline is moving along without any fanfare,
so there is room to run on the downside.

Tomorrow;
Watch for a drop into that initial support at wave ‘b’ to signal a possible impulse pattern off the top.

GOLD

GOLD 1hr.

GOLD 4hr.

GOLD daily.

Gold dropped with nice spike lower today which is a move in favor of the main count again.
With that slight new high this week,
the pattern in wave ‘b’ pink is now classified as an expanded flat correction.
so we should see a break of 2600 again to complete wave ‘c’ of ‘b’ in a few days if the pattern holds.

Tomorrow;
Watch for wave ‘c’ of ‘b’ to drop below 2600 in five waves to complete an expanded flat correction.
I will be looking higher again in wave ‘c’ of (iv) later next week.

CRUDE OIL.

CRUDE OIL 1hr.

CRUDE OIL 4hr.

CRUDE OIL daily.

Crude came close to breaking the pattern in wave (c) today but the rebound this evening has saved it.
I am still looking for a five wave rally into 71.50.
Todays low takes the wave ‘iv’ label,
and wave ‘v’ should continue higher to the target from here.

Tomorrow;
watch for wave ‘v’ of (c) to complete five waves up as shown.
That will close out the larger three wave correction in wave [ii],
and then next week I will be looking lower again into wave [iii] green.

S&P 500.

S&P 500 1hr

S&P 500 4hr

S&P 500 daily.

The S&P continues its long drift to nowhere today.
There is nothing to go on here regarding the advancing pattern in wave (v) blue.
A new high will complete wave ‘v’ of (v).
And it seems any chance of reversal will have to wait until next week again.

Tomorrow;
Watch for wave ‘v’ pink to pop and close out a new high for wave (v) blue.

SILVER.

SILVER 1hr

SILVER 4hr.

SILVER daily.

A sharp drop in silver today is suggesting that wave (ii) is now complete.
Wave ‘i’ of (iii) is now in play here,
and I would like to see a drop into the lows at wave (i) blue at 29.65 again to confirm the pattern.

Tomorrow;
Watch for a five wave decline in wave ‘i’ of (iii) to hit the 29.65 level again.
This will confirm wave (ii) is done and wave (iii) down is underway.